Articles

TSMC posts surge in profits as AI boom boosts high-tech chip sales

The Taiwanese chipmaker beat analysts’ forecasts following a surge in demand for its most advanced 3nm chips

Treasury yields pull back further from five-month highs

Treasury prices rose early Thursday as bond buyers were attracted by yields which earlier in the week touched their highest levels since November.

The company that lost 99% of its value now has an explanation — a margin call

China Tianrui Group Cement last week saw its stock drop 99%, and then didn’t tell investors why for more than a week.

CEO Anne Wojcicki looking to take 23andMe private

23andMe Chief Executive Anne Wojcicki is looking to take the beleaguered DNA-testing company private, less than three years after it went public.

Oracle to invest $8 billion in Japan to meet growing AI, cloud demand

Oracle Corp. plans to invest more than $8 billion in Japan over the next decade to meet growing demand for AI and cloud infrastructure.

Google lays off more employees, will move some jobs overseas as part of continuing cost cuts

Google announced a new round of layoffs Wednesday, and said it will move some jobs overseas.

Tesla shareholders shouldn’t be fooled again on Elon Musk’s pay package

Tesla Inc. shareholders have the opportunity to send a message to Chief Executive Elon Musk and his compromised board of directors by voting against Musk’s self-designed pay package.

Does owning more stocks in retirement give you the financial security you need?

How much is enough? The 10 largest target-date 2020 funds offer some answers.

Alcoa’s first-quarter loss widens on lower prices, higher costs

Alcoa posted a wider loss in the first quarter after lower aluminum prices and higher production costs dented results.

Duolingo’s stock jumps 6% on news it is joining S&P MidCap 400

Duolingo Inc.’s stock popped 6% in extended trading Wednesday following news it is joining the S&P MidCap 400.

Freddie Mac wants a new role financing homeowners sitting on equity. This group isn’t happy.

Housing giant Freddie Mac could make a $850 billion splash in the market for second-lien mortgages under a new proposal

Gold may benefit from ‘powerful tailwind’ when Fed pivots to rate cuts, says Wells Fargo

Gold has room to rise after reaching record highs this year, as a “shifting interest-rate landscape could be a particularly powerful tailwind,” according to Wells Fargo Investment Institute.
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